April 26, 2024 4:54 pm
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Home values rise as Valley inventory decrease

By Isabella Schneider | Scottsdale Independent

As the COVID-19 pandemic continues to rage, new home buyers are finding the experience difficult due to limited inventory and increasing prices.

Experts at Zillow say that because of the pandemic, people are holding onto their homes longer, creating a glut in available inventory.

Homes for sale in the metro-Phoenix area decreased by 21.4% over the past year, causing new home buyers in this area to pay 10.8% more for a new house than they would have had to a year ago.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.